Quantedge Capital Pte Ltd Purchases Shares of 2,000 Brinker International, Inc. (NYSE:EAT)

Quantedge Capital Pte Ltd acquired a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,000 shares of the restaurant operator's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EAT. Wolff Wiese Magana LLC increased its position in shares of Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of Brinker International during the 4th quarter worth about $26,000. Quarry LP acquired a new stake in shares of Brinker International during the 4th quarter worth about $48,000. R Squared Ltd acquired a new stake in shares of Brinker International during the 4th quarter worth about $83,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Brinker International during the 4th quarter worth about $105,000.

Insider Transactions at Brinker International

In related news, Director Ramona Hood sold 777 shares of Brinker International stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total transaction of $105,073.71. Following the transaction, the director now owns 8,568 shares of the company's stock, valued at $1,158,650.64. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Douglas N. Comings sold 2,350 shares of Brinker International stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $135.91, for a total transaction of $319,388.50. Following the transaction, the chief operating officer now directly owns 20,591 shares in the company, valued at $2,798,522.81. The trade was a 10.24% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EAT shares. BMO Capital Markets increased their target price on shares of Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Stifel Nicolaus increased their target price on shares of Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Northcoast Research upgraded shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a research report on Thursday, January 30th. Wedbush increased their target price on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Finally, KeyCorp cut shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price objective for the company. in a research report on Friday, January 24th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $141.14.

Brinker International Trading Up 2.1%

Shares of NYSE:EAT traded up $3.16 during trading on Friday, hitting $151.80. 1,110,293 shares of the company's stock were exchanged, compared to its average volume of 1,492,867. Brinker International, Inc. has a 1-year low of $56.27 and a 1-year high of $192.22. The firm has a 50-day moving average price of $145.15 and a two-hundred day moving average price of $142.57. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The firm has a market cap of $6.75 billion, a P/E ratio of 26.31, a PEG ratio of 0.49 and a beta of 1.66.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, topping the consensus estimate of $2.48 by $0.18. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the company earned $1.24 EPS. Brinker International's revenue was up 27.2% on a year-over-year basis. Equities analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Brinker International Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.